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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Strip malls
18412 Telegraph Rd Brownstown, MI 48174-9777
Entity Owned
17-yr Hold
Free & Clear
Property ID
US43-1222537
Property summary
AI-generated overview
T&R Plaza, located at 18412 Telegraph Rd in Brownstown Charter Township, Michigan, presents a unique leasing opportunity. This multi-tenant property, built in 2003, offers a total of 15,040 square feet of retail and office space. Currently, 1,600 square feet of executive office space is available for lease. The building sits on a 3-acre lot and provides ample surface parking for tenants and their clients. The property's previous use included a salon, offering versatile space adaptable to various business needs. The property is categorized as both retail and office space, making it suitable for a range of commercial enterprises. The property's address is 18412 Telegraph Rd, Brownstown, MI 48174, within Wayne County. The property's Assessor's Parcel Number (APN) is 70-014-99-0007-701. This is an excellent opportunity to secure a well-located, spacious office in a thriving community. The available space is ideal for businesses seeking a prominent location with ample parking and convenient access. Inquire today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
15,390 SF
Lot
3.04 ac (132,422 SF)
Zoning code
B-2
APN
70 014 99 0007 701
UPID
US43-1222537
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
L.A. Insurance Insurance Agency
-
TD's Coney Island Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.40M
Owner & transaction history
FLOOD PROPERTIES LLC
FLOOD PROPERTIES LLC
Zoning & alternative use
B-2 · Brownstown, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+52.9%
Medical building
$1.5M
+18.4%
Office building
$1.4M
+10.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brownstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brownstown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,225,000
Current use
COMMERCIAL (GENERAL)
$1,870,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$1,450,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,350,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$1,265,000
Change: +3% · Conversion: Easy
RESTAURANT
$1,185,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,100,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,519
Tax year 2023
Assessed value
$601,000
Assessed 2024
Previous assessed
$589,700
+1.9% YoY
Effective rate
5.08%
On assessed value
Total market value
$1,202,000
Applied tax rate
82,150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
15,390 SF
Lot
3.04 ac (132,422 SF)
Zoning code
B-2
APN
70 014 99 0007 701
UPID
US43-1222537
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Brownstown, MIZoning B-2 · permitted uses
B-2 · Brownstown, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
FLOOD PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
18406 TELEGRAPH RD, BROWNSTOWN, MI 48174-9614
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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